Shares of Live Nation Entertainment (LYV) are moving higher as the company posted its fourth-quarter earnings, revealing revenue that surged 36% from the previous year, citing record ticket sales and concert attendance. Booking Holdings (BKNG) shares are falling despite posting better-than-expected revenue in its quarterly earnings. The company also announced it would initiate a quarterly cash dividend of $8.75 per share. Barclays analysts upgraded DraftKings stock (DKNG) from Equal Weight to Overweight, also raising their price target to $50 per share. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
(Bloomberg) -- Booking Holdings Inc. suffered its worst stock decline since the early days of the pandemic after giving a disappointing forecast for travel reservations and gross bookings, with the war in Israel and currency fluctuations weighing on results.Most Read from BloombergUS Unveils Biggest Sanctions Package on Russia Since War BeganNvidia Rises Most in About Nine Months as AI Drives SalesBezos, Nvidia Join OpenAI in Funding Humanoid Robot StartupT-Bills Without Tax Bills? This Fund Say
Nvidia’s valuation briefly surpassed $2 trillion during Friday’s session, Carvana rallied on upbeat sales guidance, and Block’s quarterly gross profit jumped 22%.